Morning Report 16 Aug 24: S&P 500 and Nasdaq indexes notch six-day winning streak

Morning Report 16 Aug 24: S&P 500 and Nasdaq indexes notch six-day winning streak

US sharemarkets jumped on Thursday after readings on US retail spending and unemployment benefits, allayed fears of an imminent recession in the world's largest economy. Retail bellwether Walmart added 6.6% after raising its annual profit forecast for the second time this year as Americans flocked to its stores for inexpensive essentials. Cisco Systems rose 6.8% after it forecast better-than-expected first-quarter revenue and said it was cutting 7% of its global workforce. Nike climbed 5.1% as billionaire investor William Ackman built new stakes in the sportswear company. Ulta Beauty jumped 11.2% after Warren Buffett's Berkshire Hathaway acquired a stake in the cosmetics store chain. The Dow Jones index rose by 555 points or 1.4%. The S&P 500 index gained 1.6% and the Nasdaq index added 402 points or 2.3%, both notching six-day winning streaks.
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[@BaileyJames-zv2ddd]

No one talks about volume, but everyone is obsessed with price patterns. I’ve been expanding my resources and think mastering volume with price action really does help with technical analysis!

[@surf_ingind]

Hello can you tell me what do you look for in volume analysis?

[@BaileyJames-zv2ddd]

Historical Volume, Price Movements, Support and Resistance, etc.. Pay attention to volume when a stock approaches key support or resistance levels. It is also crucial to understand market movements, i got some great help from my advisor on this, which really boosted my experience

[@LouisMorganxb3]

Totally i agree with you pal! game changing strategy right there

[@BAYBABY_SITTER]

How do one go about an advisor? I could use more insight

[@BaileyJames-zv2ddd]

There are many out there. “ Leah Foster Alderman”; for example is very experienced and consistent. I go with her

[@md.rafiul.ahasan]

Easy money whoever invested early this month.

[@Jung1981giggles]

Happy Friday peeps

[@nazoabdallaah6962]

🤙

[@Jung1981giggles]

Her Friday

[@unclenick1968]

Up and then a little more sideways?